SHAREHOLDERS’ EQUITY

Share Repurchases. Our board of directors from time to time authorizes management’s repurchase of outstanding shares of our common stock on the open market. On December 5, 2018, the board of directors authorized management to repurchase up to 10 million additional shares of the company’s outstanding stock. In the three-month period ended March 31, 2019, we repurchased 0.5 million of our outstanding shares for $86. On March 31, 2019, 7 million shares remained authorized by our board of directors for repurchase, approximately 2% of our total shares outstanding. We repurchased 1.2 million shares for $257 in the three-month period ended April 1, 2018.

Dividends per Share. Our board of directors declared dividends of $1.02 and $0.93 per share for the three-month periods ended March 31, 2019 and April 1, 2018, respectively. We paid cash dividends of $268 and $250 for the three-month periods ended March 31, 2019, and April 1, 2018, respectively.

Accumulated Other Comprehensive Loss. The changes, pretax and net of tax, in each component of accumulated other comprehensive loss (AOCL) consisted of the following:



	Losses on Cash Flow Hedges			Unrealized Gains on Marketable Securities		Foreign Currency Translation Adjustments		Changes in Retirement Plans’ Funded Status			AOCL
December 31, 2018	$	(71	)	$	—	$	102	$	(3,809	)	$	(3,778	)
Other comprehensive income, pretax	17			—		31		63			111
Provision for income tax, net	(2		)	—		—		(14		)	(16		)
Other comprehensive income, net of tax	15			—		31		49			95
March 31, 2019	$	(56	)	$	—	$	133	$	(3,760	)	$	(3,683	)



December 31, 2017	$	(94	)	$	19		$	402	$	(3,147	)	$	(2,820	)
Cumulative effect adjustments*	(4		)	(19		)	—		(615		)	(638		)
Other comprehensive income, pretax	(3		)	—			1		84			82
Provision for income tax, net	1			—			—		(16		)	(15		)
Other comprehensive income, net of tax	(2		)	—			1		68			67
April 1, 2018	$	(100	)	$	—		$	403	$	(3,694	)	$	(3,391	)

* Reflects the cumulative effect of ASU 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, and ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, which we adopted on January 1, 2018.

Current-period amounts reclassified out of AOCL related primarily to changes in our retirement plans’ funded status and consisted of pretax recognized net actuarial losses of $68 and $95 for the three-month periods ended March 31, 2019, and April 1, 2018, respectively. This was offset partially by pretax amortization of prior service credit of $5 and $12 for the three-month periods ended March 31, 2019, and April 1, 2018, respectively. These AOCL components are included in our net periodic pension and other post-retirement benefit cost. See Note O for additional details.